Tag: AWS Energy

Background Data management plays a crucial role in the energy industry due to its significant impact on the sector’s efficiency, sustainability, and competitiveness. Effective data management helps energy companies to make informed decisions, optimize operations, reduce costs, and improve environmental performance. However, one of the common data management challenges in the energy industry is effectively […]

In the energy and commodity trading industry, traders negotiate transactions with brokers and counterparties directly. These negotiated transactions are called over-the-counter (OTC) deals. Price discovery for OTC deals is unlike price discovery for common equity, options, and other financial instruments, where pricing information is generally market-efficient and available in near real time. In OTC trades, […]

Operational technology (OT) data refers to the data generated by sensors and other devices used in industrial settings to monitor and control physical processes. Supervisory control and data acquisition (SCADA) systems, data historians, and programmable logic controllers (PLCs) are examples of technologies that generate OT data. SCADA systems are used to monitor and control industrial […]

Overview Energy transition and digitalization sparked a dramatic growth in the volume and complexity of data in the energy industry. The importance of data has increased dramatically over the last decade as companies rethink their strategies and embrace new ways of storing and processing data to drive actionable business insights. As enterprises continue to generate […]

Companies seeking to manage buildings successfully and safely for their customers face increasingly complex challenges. And the complexity of management and maintenance increases in buildings that are essential to society. Facilities for healthcare, manufacturing, and criminal justice, for example, can’t operate if their equipment is down. They must also meet strict regulations, compliance, and safety […]

Overview Data is an essential asset for energy companies. Having a comprehensive view of trusted data that follows consistent business rules can help businesses to make informed, accurate, and timely decisions, as well as streamline data management practices. Fundamentally, having data at the center of the open-source-driven OSDU Data Platform makes it future proof for […]

Climate change is one of the most pressing issues of our time, and it’s becoming increasingly clear that we need to take rapid action to reduce our carbon emissions. To be carbon-neutral by 2050 and keep the Earth’s mean temperature below 2° C of preindustrial levels, the world must curb emissions by 7.6 percent per […]

Overview Knowing what data you have at your disposal and quickly finding and accessing it has become an essential first step for digital transformation in the energy industry. The Open Group OSDU Forum aims to reduce organizational data silos by facilitating collaboration on the OSDU Data Platform that helps break the barriers to innovation and […]

Digitization is transforming the energy industry. However, at Xcel Energy, a major US electricity and natural gas company, legacy technology infrastructure and a reliance on cloud-service contractors were limiting the benefits of digital development. Jared Keith, DevOps lead, joined Xcel Energy in 2019 to help launch new solutions in Amazon Web Services (AWS) and later […]

The energy industry is undergoing a massive evolution, much of which is driven by three distinct challenges: ensuring energy security, providing affordable energy, and moving to a cleaner and more sustainable energy future. The United States Energy Information Administration (EIA) estimates that energy demand will increase by 50% over the next 30 years, while just […]